ENA Soars Past $0.80 with Record TVL, Targeting $1.18

Ethena (ENA) has surpassed the $0.80 mark after a bullish breakout, marking its first time above this level since January. This price surge is fueled by a record-breaking $10 billion Total Value Locked (TVL), leading analysts to predict potential targets of $1.18. 260% gains since Crypto Patel’s entry point at $0.25 have been attributed to the breakout, with resistance levels now standing at $1.249, $2.60, and $5.005. Analysts advise caution regarding market volatility, suggesting partial profit-taking while holding a position during an uptrend if momentum continues.